[The following information applies to the questions displayed below] Falcon Crest Aces (FCA),...
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[The following information applies to the questions displayed below] Falcon Crest Aces (FCA), Inc., is considering the purchase of a small plane to use in its wing-walking demonstrations and aerial tour business. Various information about the proposed investment follows: $ 110,000 Initial Investment Useful life Salvage value Annual net income generated FCA's cost of capital 0 years 10,000 $ 4,200 10% Assume straight line depreciation method is used. velue: 2.00 points Required: Help FCA evaluate this project by calculating each of the following 1.Accounting rate of return. (Round your answer to 2 decimal places.) Accounting Rate of Return
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